Investing General Discussion

Captain Suave

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Market loves it. Up 3% (Edit: now 6%) since he started talking. We'll see how durable this is once the testing really rolls out and we find there are 50k+ cases in the wild.
 
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Furry

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Yeah because Mr. Buffet is going to be making some obscene plays through all of this. This is the kind of situation where he historically excels.
He's lost less than others, but he's taking a beating like a lot of people. He's been moving to a slightly more conservative position for a while, which has been a reason that people have been making fun of him in the past year. Probably won't be saying that next year.
 
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Big Phoenix

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I bought 295 shares of AMD @ 40.65 this morning, just sold it at $42.50 because I'm too scared to hold that over the weekend. Goes up another $1 in the 3 minutes before close.
 
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Furry

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Markets have been consistently brutalized on mondays the last month, and we've seen a few last minute rallies on friday.

There's definitely a lot of craziness in the market.
 

Blazin

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S&P Futures hit limit up this morning (5%). Large gap up is not usually helpful, as people at the open are too skittish to buy 5% up from the close so it usually ends up spending the day fading the move. If we somehow see strong buying at the open it would be telling.

If the market can close the week back above the 200 wk moving average (currently 2638.87 on the S&P) would be a good signal for an attempt at establishing a bottom again. Each of the previous support levels we have tried this and failed. At some level it will hold, this support line has been important since 2009 so I'm sure it is going to give a strong go at it.


Well market pulled it off and closed above the support line. This might start to boost confidence.
 
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ver_21

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I bought 295 shares of AMD @ 40.65 this morning, just sold it at $42.50 because I'm too scared to hold that over the weekend. Goes up another $1 in the 3 minutes before close.

Was gonna ask how you played it. Dont' sweat it too much. AMD does its own thing, too.
 
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karma

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I started learning and playing in the market a little with spare cash a few months ago (been doing a little momentum, swing trading and a bit of longer term stuff). Dumped a little money into a few shares of several different stocks this morning PM. INTC, DIS, those type of things. So far not sad, was expecting to just let them turn red and wait till this was over, then see what I could sell them for. Maybe we will be lucky and See an uptrend continuation?
 

LachiusTZ

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Just got home, thought "Oh man, gonna snag up some silver" since its crashing.

The actual price to buy it is just about the same as it was, the premium has just increased a ton.

Market closed so couldnt get SLV. Will try to snag some Monday.
 

Furry

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Trump doesn't seem to have any real understanding of the disease, but it appears he's relying on his advisors to get one. I can't really blame him for that, but at least his voice sounds more normal today. I can see why markets reacted positively to this. Dunno if it will carry to next week.
 

Big Phoenix

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Was gonna ask how you played it. Dont' sweat it too much. AMD does its own thing, too.
I'm still all in on AMD, still have all the shares from when I bought in at $3.

This was actually my first trade since the above purchase in uhh 2014?
 
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Sanrith Descartes

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Sanrith Descartes Sanrith Descartes I see Berkshire Hathaway as an example of a company that comes out of this stronger than it went in.
Buffett has more money socked away than most countries. I just don't know what he is gonna do with it.

I read an analysis that said his years of great returns were due to leverage and loans and in the last 5 or 10 years he has underperformed the SP500. I was too lazy to research it for validity so take it for what its worth.
 

Furry

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Buffett has more money socked away than most countries. I just don't know what he is gonna do with it.

I read an analysis that said his years of great returns were due to leverage and loans and in the last 5 or 10 years he has underperformed the SP500. I was too lazy to research it for validity so take it for what its worth.
It's really, really hard to consistently outperform the SP500
 

Sanrith Descartes

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It's really, really hard to consistently outperform the SP500
Look at Bershire versus the SP500 since its inception. It was mind numbing how much better it did year after year. And then the last decade it became human. That early period is where he earned his diety status.
 

Attog

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He is on the phone with companies right now, his 125 billion in cash is going to be buying out failing companies. This shit is going to get bad and he is going to be cashing in.
 
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Sanrith Descartes

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He is on the phone with companies right now, his 125 billion in cash is going to be buying out failing companies. This shit is going to get bad and he is going to be cashing in.
I was sorta shocked he didn't lay down some scratch for BA yesterday. Has a moat and strong balance sheet and the Govt won't let it fail. It has warts but that is why it is on the clearance rack.